6 safety concerns?

[worldtraveller321]

what would be your top 6 safety concerns you have in the crypto space?

whether it be like scammers? wallet protection? exchange protection ? integrity of content creators?

lets hear it . and why you think its a concern

[1715111592]

1715111592

[1715111592]

1715111592

[1715111592]

1715111592

[1715111592]

1715111592

[Eugenar]

I only have one concern about crypto,

Cryptocurrency such as Bitcoin should not have a huge transaction fee. Because in order for Bitcoin to become the world's leading cryptocurrency, it needs to be utilized by many people around the world. And if they can see the transaction fee is quite high, they might end up choosing other cryptocurrencies

[Fundamentals Of]

what would be your top 6 safety concerns you have in the crypto space?

whether it be like scammers? wallet protection? exchange protection ? integrity of content creators?

lets hear it . and why you think its a concern

I don't have much problems with scammers. You know one when you find one. Wallet protection is a concern but only concerning my hot wallets and exchange wallets. That is related to my concern that hackers will successfully break the security protection of my wallet and exchange. I am not concerned about the developers with no integrity. They are like scammers. They will not succeed. I am more concerned of the people who are not thinking enough and fall to these scammers.

[dothebeats]

I honestly have no definite fears apart from bitcoin not holding value for too long. That's not a major concern though it has posed to be one especially to us invested heavily into crypto. Security wise into the code and into the protocol, I don't think there's something particularly scary nor alarming. Quantum computing may have been birthed, though its implications would not be seen perhaps in a couple more centuries to come, especially with CPU manufacturers having a problem into continuing with Moore's law, with the latest chips in commercial production still at 7nm.

[Strongkored]

My main concern is about security of my crypto wallet and also the security of the exchange account, for exchange security aside from the user (myself) it also depends on the exchange, that's why I hope someday DEX can replace CEX.
When open my exchange account I try to make sure many things, like the url, the browsers i use etc.

[albrots]

In my opinion, for the time being, the problem of scammers is more and more and almost mastering fake projects that make investors experience a lot of losses. Many projects are not able to develop due to scammers, so investors no longer want to invest and choose to have their share of the exchange. even so, that doesn't mean other security isn't important. Exchange security and wallet protection also need to be noticed and increasingly enhanced. Many hackers do by hackers to take all the assets in their personal exchange wallet.

[Gyfts]

1.) Decentralization - I'll get a lot of flak for this but the reason you do not have mainstream adoption is that when everything hits the fan, there is no government to bail out the currency. You do not see commodities like gold, oil, ect. being used for day to day transactions. They're used as investments. For that reason Bitcoin doesn't have a place as replacing fiat currency and therein lies the safety issue. There is no back up. If  Bitcoin is thrown through a loop or manipulating, everyone suffers.

2.) Exchange sites. Most exchange sites rob you through use of fees or take in an absurd amount of personal data which could be data mined or breached for malice. Ordinary users are not ever going to look into these exchanges to swap out fiat for Bitcoin which slows down the adoption process. This isn't even getting into account breaches and network hacks like we saw in Mt. Gox

3.) Unpredictability. Mentioned earlier, you destabilize the currency and there is no central authority to save it. This effects poor people more tan anything. People living in poverty or near the poverty line cannot settle with losing 10-20 percent of their income within a moment's notice. They need stability in their paycheck and there is no guarantee of stability with crypto's. The fluidity of Bitcoin's price does not make it attractive.

4.) Irreversible reactions. Way too attractive to scammers and other actors engaging in nefarious or illegal activities.


Those are some. There's plenty more but those are four main security concerns. To be clear, I'm not saying I would agree with all four but those are the most common arguments against crypto's.

[glendall]

one of the security problems that I often encounter in cryptocurrency is about hacker attacks,
they like always have a new way to steal or break into other people's assets.
as long as security can still be attacked by hackers, then nothing is safe for cryptocurrency,
but maybe except for one, an offline wallet, like Trezor and Ledger Nano.

[imutlinda]

I fear only in the part when accessing my wallet, at times like that I always try to be careful, a little mistake could have the funds in my wallet lost. for other things I can still handle it, because I continue to make progress on myself, especially when facing a new project

[yohananaomi]

In my opinion, for the time being, the problem of scammers is more and more and almost mastering fake projects that make investors experience a lot of losses. Many projects are not able to develop due to scammers, so investors no longer want to invest and choose to have their share of the exchange. even so, that doesn't mean other security isn't important. Exchange security and wallet protection also need to be noticed and increasingly enhanced. Many hackers do by hackers to take all the assets in their personal exchange wallet.

Currently the most feared and have made too much worry is the scammers covering all crypto transactions. true colleague said above that many fake projects that also make fraud and make us careless and looking for loopholes to cheat. security improvements have been made but there are still many who look for loopholes in the behavior of individuals who are easily enticed by certain prizes so that they are careless.

[kolonel_x]

Scamer and Hacker is a problem for me.
Scamer continues to exist even until a new project is started with a scamer I don't know how this is how to overcome it. Clearly, scamer makes investors angry to see it often they invest ends up scam.
Hackers are the most feared because they often break into assets even though the situation is safe, many exchanges are broken by hackers so I am still afraid of this hacker's situation.

[Baby Dragon]

Scamer and Hacker is a problem for me.
Scamer continues to exist even until a new project is started with a scamer I don't know how this is how to overcome it. Clearly, scamer makes investors angry to see it often they invest ends up scam.
Hackers are the most feared because they often break into assets even though the situation is safe, many exchanges are broken by hackers so I am still afraid of this hacker's situation.

I also feel the same way, we can't easily avoid them particularly these days because they are using different techniques and strategies to deceive us like making us believe with their sweet lies. It is one of the reason why some of us are falling into some sort of scam, we are just keep on believing without even reassuring that our funds and assets are safe. Just like any of you, I have also experienced it and I have lose a lot of money by investing into scam projects. I ended up feeling remorse about it but it makes me realized of my mistakes and I have learned something from it, if you are in doubt about investing but you wanted to try it then you should have some research first to make sure or you can ask other people's opinion and thoughts about it so you can assure yourself that you are not going to experience it again. It becomes a major problem for me because I know that as the day passes by, a lot of us are getting scammed or hacked and maybe because some of you don't have enough understanding about the possible challenges or problems that you might encounter here. Investing is speculative and if you don't have enough knowledge about it then expect that there will be some people who will take advantage of your situation.

[Wintersoldier]

one of the security problems that I often encounter in cryptocurrency is about hacker attacks,
they like always have a new way to steal or break into other people's assets.
as long as security can still be attacked by hackers, then nothing is safe for cryptocurrency,
but maybe except for one, an offline wallet, like Trezor and Ledger Nano.

Especially if you are exposed to messaging platforms such as telegram, you need to increase your security in terms of keeping up with people you know and if not and you really need to talk to others, make sure to filter messages. Any message that involves an investment platform where you need to pay or invest amounts of money should already alarm us for the safety of our funds. I was once chat an unknown person he just sends a message concerning investment through bitcoin mining. At that first what I need is ask him about the concept of mining and I figured out he's a scammer because of the lack of knowledge he has in mining. But we should still be cautious because even a knowledgeable person might scam us.

[hello_good_sir]

what would be your top 6 safety concerns you have in the crypto space?

whether it be like scammers? wallet protection? exchange protection ? integrity of content creators?

lets hear it . and why you think its a concern

Mainstream adoption - it's pretty obvious the strongest 2 countries (China, America) don't really like a lot of crypto-currencies, even ones like stablecoins that can be controlled by an entity, and we'll reach a spot where we can't move up if these countries put up walls.

Security, when it comes to exchanges is going to be a pretty big issue, I'd like to see how governments and countries implement policies and try to deal with it in the future, it's definitely going to be interesting.

[btc78]

what would be your top 6 safety concerns you have in the crypto space?

whether it be like scammers? wallet protection? exchange protection ? integrity of content creators?

lets hear it . and why you think its a concern

do we really need to explain why those are concerning us?example those mentioned by you is all the most concerns of each cryptonians you know why?

Simply because this involves our Money,our hard earned so tell me why we dont need to pay much concerns?

[White Christmas]

what would be your top 6 safety concerns you have in the crypto space?

whether it be like scammers? wallet protection? exchange protection ? integrity of content creators?

lets hear it . and why you think its a concern

My safety concerns right now was those people who are very easy to trust on those new exchangers because nowadays there is so many exchangers that are scam in which if you put your money in the exchangers and at first you can get your money but if you put a large amount of money, the exchanger platform will shutdown and thr system will be down, there is so many exchangers that are like that who are scam exchangers. Another concern I want to share to the people for them to be aware was those people are those scam projects in which if the projects become failed then the investors and the supporters of the said project will be already scam by those developers of the project.

[Kyraishi]

1. Exchanges - how the governments and the companies operate in the upcoming years is going to have a big impact on the future, and we are definitely going to see the future shaped by how they work, the constant hacking and user breaches need to stop, it just can't happen.

2. Decentralization/adoption. Will we ever see bitcoin reach good usability, even when the coin is quite unstable?

3. Business use-cases, how are companies going to work with bitcoin, are they going to use it as a payment method, etc, etc?

[Casdinyard]

I guess being scammed shouldn't be our fear since we can prevent it by avoiding too good to be true deals. If something guarantee you a 100% ROI then it could be scam. What I'm really bother me is what if one day, my wallet gets hack even I take every precautionary measure that I can, this thing is unavoidably circumstances and bu far a nightmare for every traders.

I fear only in the part when accessing my wallet, at times like that I always try to be careful, a little mistake could have the funds in my wallet lost.

And the feels like you mistakenly copy paste your address, then everything mess up.

[joinfree]

Well my focus would be on the use of safety cryptocurrency wallets, exchange platforms to ensure that crypto enthusiasts have their funds saved in places where hackers can't have access to their funds. Also, if we can have some monitoring systems in the industry that can help flag scammers and their schemes to lure crypto starters of their hard earned funds.

[Astvile]

To be real there is only one fear that I have in the bitcoin industry. It is security, specially on exchange sites where we use to trade. Wallet security is not that of a problem since there are tons of hardware wallets out there. The main concern is exchange securities, yes you can store thousands upon thousands of bitcoins in hardware wallet but what can you do to make it grow? trade it. And by doing it so you're risking your bitcoin both on trading and exchangers power to secure your funds.